Chegg (CHGG) Tops Q4 EPS by 6c, Offers Guidance
Chegg (NYSE: CHGG) reported Q4 EPS of $0.35, $0.06 better than the analyst estimate of $0.29. Revenue for the quarter came in at $125.5 million versus the consensus estimate of $122.97 million.
GUIDANCE:
Chegg sees FY2020 revenue of $522-257 million, versus the consensus of $520.25 million.
- Total Net Revenues in the range of $522 million to $527 million
- Chegg Services Revenues in the range of $435 million to $437 million
- Gross Margin between 71% and 72%
- Adjusted EBITDA in the range of $162 million to $164 million
- Capital Expenditures in the range of $105 million to $115 million which includes approximately $50 million of net textbook purchases
First Quarter 2020
- Total Net Revenues in the range of $122 million to $125 million
- Chegg Services Revenues in the range of $99 million to $100 million
- Gross Margin between 67% and 68%
- Adjusted EBITDA in the range of $27.5 million to $28.5 million
For earnings history and earnings-related data on Chegg (CHGG) click here.